Best of Artemis, week ending November 21st 2021

Here are the ten most popular news articles, week ending November 21st 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Ten most read articles on Artemis.bm, week ending November 21st 2021:

1. Markel to wind down retro ILS fund manager Lodgepine
   Markel Corporation has decided to wind down its retrocessional reinsurance focused insurance-linked securities (ILS) fund manager, Lodgepine Capital Management, citing retro market headwinds and a challenging fundraising environment.
2. Alphabet (Google) targets $250m+ third quake catastrophe bond
   Google’s holding company parent Alphabet, Inc. has returned to the catastrophe bond market for the third time, as it seeks to add another $250 million or more of California earthquake risk protection to its insurance arrangements with the help of insurance-linked securities (ILS) investors in a Phoenician Re Ltd. (Series 2021-1) issuance.
3. Goldman Sachs hires ILS structurer Nguyen from Swiss Re
   Goldman Sachs has made a new hire within its investment banking Insurance Structured Finance team, adding Tony Nguyen, an experienced insurance-linked securities (ILS) structurer who most recently worked at Swiss Re.
4. Re/insurers risk retaining more property cat, warn Peel Hunt analysts
   Analysts from Peel Hunt warn that with reinsurance market appetite for certain property catastrophe risks uncertain, some re/insurers may find themselves retaining more secondary peril exposure and it’s “not obvious that third-party capital will rush in to fill the gap.”
5. Inver Re hires Nick Griffiths for alternative reinsurance & retro broking role
   Inver Re, the recently launched global reinsurance brand of the Ardonagh Group, has made a key hire with a focus on alternative sources of reinsurance capital and ILS markets, appointing former RFIB and Howden executive Nick Griffiths as a Director.
6. Renewals to see different dynamics across reinsurance risk tower: TigerRisk’s Gulbransen
   At reinsurance renewals in 2022, there is expected to be a an overarching focus on achieving more sustainable pricing levels. But there will also be different challenges faced and outcomes achieved, depending on where in the reinsurance risk tower underwriters are focused, according to TigerRisk’s Head of North America, Wade Gulbransen.
7. Parameter Climate adds former Sompo execs Faure, Pawale, Lofaro & Yuan
   Parameter Climate, the parametric risk transfer and climate focused underwriter launched by well-known industry executive Marty Malinow, has added some new hires, all of which have previously worked at Sompo International in its weather risk and parametric risk transfer operations.
8. Global natural disaster insured losses reach $107bn YTD in 2021: Aon
   Aon estimates that as of early fourth-quarter 2021, global insured losses from natural disasters and severe weather are running around 13% above the annual decadal average, having reached roughly $107 billion.
9. Farmers targets first catastrophe bond, with $100m+ Topanga Re
   Farmers Insurance Group, the US insurer that also operates across a number of reciprocal insurer brands and has Zurich Insurance Group as a parent, is sponsoring its first catastrophe bond, seeking at least $100 million of multi-peril US catastrophe reinsurance protection from the capital markets, with a Topanga Re Ltd. (Series 2021-1) issuance.
10. ICAP completes reinsurance backed solar weather derivatives deal
    ICAP has completed what it is calling a landmark deal in the weather derivatives market, by directly connecting a renewable energy provider and a reinsurance capital provider using a fixed agreement, for the first time.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 32 new articles published in the last week. To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.

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